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PPP Loan Data — Veros Credit, LLC, Santa Ana, CA

SBA PPP loan data, payroll data, and salaries for Veros Credit, LLC
CA

Veros Credit, LLC

Entity: Limited Liability Company (LLC)

Industry: Sales Financing

Location: Santa Ana, CA

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Veros Credit, LLC is a limited liability company (LLC) located at 2333 N Broadway Ste 400 in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $3,435,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.44M

Jobs Retained:

225

Loan Approved:

2020-04-16

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Veros Credit, LLC in Santa Ana, CA received a Paycheck Protection Loan of $3.44M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Veros Credit, LLC's total 2019 payroll expenses were approximately $16.49M in order to qualify for the PPP loan amount received.

Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $73,280 per employee1.

Because the loan received by Veros Credit, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Veros Credit, LLC in Santa Ana, CA

Veros Credit, LLC
2333 N Broadway Ste 400
Santa Ana, CA 92706

Business Industry

Sales Financing (NAICS code 522220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-46

Similar Companies near Santa Ana

In the Santa Ana area, 4 businesses in the "Sales Financing" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 225) and received an average PPP loan of $1,370,450 (compared to this company's $3.44M).

Industry PPP Comparison Statistics

Nationwide, 2,301 businesses in the "Sales Financing" industry received a total of $180,738,363.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 97% lower than Veros Credit, LLC's reported 225 employees, and received an average PPP loan of $78,548, 98% lower than this company's loan of $3.44M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/veros-credit-llc-santa-ana-ca